Precious Metals mutual funds (gold, silver, PGMs) Message Board

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Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs)

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To: Larry S. who wrote (843)	3/4/2004 8:35:04 PM
From: Larry S.	Read Replies (1) of 972

Dan, et al, There wasn't anything in Barron's this past week focused on PMs. However, in an interview, Gerald Jordan argues for owning gold as a hedge against currency problems. However, he is near-term bullish on the markets. As the price of gold fell, lease rates came off their lows but it is not clear to me that leased gold has much of roll at this time in capping the price. The GMI/POG ratio: On 02/26, the Barron's GMI was 665.36, down from the previous week's 665.36. With the POG also down significantly at 395.05 (02/27) the ratio was up slightly at 1.65. The ratio a year ago was 1.27. Larry

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